Xilinx, Inc. (NASDAQ:XLNX) has been given a consensus rating of “Buy” by the twenty-five research firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $82.38.

A number of research analysts recently commented on XLNX shares. Needham & Company LLC started coverage on Xilinx in a report on Thursday, September 27th. They issued a “buy” rating and a $100.00 price target on the stock. ValuEngine raised Xilinx from a “hold” rating to a “buy” rating in a report on Thursday, July 26th. Rosenblatt Securities raised Xilinx from a “neutral” rating to a “buy” rating and set a $86.00 price target on the stock in a report on Thursday, July 26th. Bank of America raised Xilinx from an “underperform” rating to a “buy” rating and set a $85.00 price target on the stock in a report on Thursday, July 26th. Finally, Zacks Investment Research raised Xilinx from a “hold” rating to a “buy” rating and set a $83.00 price target on the stock in a report on Friday, July 27th.

Shares of XLNX stock traded down $0.68 during trading hours on Monday, reaching $85.64. 2,518,604 shares of the company traded hands, compared to its average volume of 3,791,326. Xilinx has a 12-month low of $62.27 and a 12-month high of $88.20. The company has a quick ratio of 4.00, a current ratio of 4.26 and a debt-to-equity ratio of 0.49. The stock has a market cap of $21.53 billion, a P/E ratio of 30.26, a PEG ratio of 2.73 and a beta of 0.86.

Xilinx (NASDAQ:XLNX) last posted its quarterly earnings data on Wednesday, October 24th. The programmable devices maker reported $0.87 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.11. Xilinx had a return on equity of 34.05% and a net margin of 21.33%. The firm had revenue of $746.25 million for the quarter, compared to analysts’ expectations of $710.33 million. On average, equities research analysts expect that Xilinx will post 3.29 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 4th. Stockholders of record on Tuesday, November 13th will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, November 9th. This represents a $1.44 annualized dividend and a dividend yield of 1.68%. Xilinx’s dividend payout ratio (DPR) is 50.88%.

In other news, SVP Emre Onder sold 1,734 shares of the company’s stock in a transaction that occurred on Monday, September 17th. The stock was sold at an average price of $77.15, for a total transaction of $133,778.10. Following the sale, the senior vice president now directly owns 1,419 shares of the company’s stock, valued at approximately $109,475.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Catia Hagopian sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, August 23rd. The stock was sold at an average price of $73.37, for a total value of $73,370.00. Following the sale, the vice president now directly owns 10,271 shares in the company, valued at $753,583.27. The disclosure for this sale can be found here. Insiders have sold a total of 51,234 shares of company stock worth $4,195,333 over the last ninety days. Insiders own 0.16% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Squar Milner Financial Services LLC bought a new position in shares of Xilinx during the 2nd quarter valued at approximately $105,000. Livingston Group Asset Management CO operating as Southport Capital Management bought a new position in shares of Xilinx during the 3rd quarter valued at approximately $108,000. Itau Unibanco Holding S.A. bought a new position in shares of Xilinx during the 2nd quarter valued at approximately $123,000. ClariVest Asset Management LLC bought a new position in shares of Xilinx during the 2nd quarter valued at approximately $149,000. Finally, Psagot Investment House Ltd. increased its position in shares of Xilinx by 57.3% during the 3rd quarter. Psagot Investment House Ltd. now owns 2,042 shares of the programmable devices maker’s stock valued at $164,000 after purchasing an additional 744 shares during the last quarter. 87.68% of the stock is currently owned by hedge funds and other institutional investors.

Xilinx Company Profile

Xilinx, Inc designs and develops programmable devices and associated technologies worldwide. Its programmable devices comprise integrated circuits (ICs) in the form of programmable logic devices (PLDs), such as programmable system on chips, and three dimensional ICs; adaptive compute acceleration platform; software design tools to program the PLDs; software development environments and embedded platforms; targeted reference designs; printed circuit boards; and intellectual property (IP) core licenses covering Ethernet, memory controllers, Interlaken, and peripheral component interconnect express interfaces, as well as domain-specific IP in the areas of embedded, digital signal processing and connectivity, and market-specific IP cores.

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Analyst Recommendations for Xilinx (NASDAQ:XLNX)

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